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well, we begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxe and draconian spending cuts reting squarely on the prsident. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his s
well, we begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxe and draconian spending cuts reting squarely on the prsident. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to...
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there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues including tax rate hikes even though i don't like them, to get a-- to save the country from becoming greece tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> jeff: with christmas just two days away last minute gift guire-- buyers are out. today shopper track said saturday was the buses
there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done....
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cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this wld be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try t to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. th
cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this wld be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the...
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cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do something that
cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan...
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cliff. true, it was asking the house republicans to vote for a tax increase. but it was -- they got some cover from grower and others and i think it was a political exercise more so than anythings and it had enabled the work, it would have changed the scenario. >> governor, you know first-hand the politics of raising taxes. what did you make of all this? >> i almost felt sorry for speaker boehner. being torn apart by his own caucus. i'm enthusiastic about them passing anything. tax bills have to start in the house. the senate can take whatever vehicle they send over and substitute for it something that makes sense and have it sent back and it's on them to say yes or no as to whether we go over the cliff. that's really the approach. >> so you want to see something come out of the house? >> anything. anything. and you substitute the total bill. but it has to come out of the house and that's the rationale for getting something there. >> they actually did get something out of the house early las
cliff. true, it was asking the house republicans to vote for a tax increase. but it was -- they got some cover from grower and others and i think it was a political exercise more so than anythings and it had enabled the work, it would have changed the scenario. >> governor, you know first-hand the politics of raising taxes. what did you make of all this? >> i almost felt sorry for speaker boehner. being torn apart by his own caucus. i'm enthusiastic about them passing anything. tax...
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cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the headlines go to fox news.com. the pro lifer versus pro abortion is heating nup ireland. the woman complained of pain and she asked for a abortion believing she miscarried her young baby. the doctors refused to abort the child saying the fetal heart beat was still. the women died three days later. the incident caused controversy all over the world . american pro abortion advocates pressured hillary clinton. joining us is hilary rose. an irish citizen nevy brown delair woman of love institute. it is so good to have you hered today
cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the...
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. >>> so far the fiscal cliff debate in washington has focused largely on taxes, tax rates, how much the wealthiest 1% or 2% americans will see their tax rates go up. tax hikes on the rich alone will not put all that much of a dent in the national deficit. could you take away every dollar from the top 1% of earners and it wouldn't fill the gap. we heard about chained cpi, a suggestion john boehner made for his proposal. i want to bring in christine romans to break this down. >> chained cpi would change the way the federal government calculate inflation. which could possibly save the government $300 billion over the next decade if implemented. normally every year, wages and prices go up. the consumer price index, the cpi measures how much they go up by tracking a basket of goods that americans typically buy. it's important, it's used to calculate cost of living adjustments on social security. checks pay a little more each year in line with inflation, as calculated by the cpi. now one potential flaw in the system, cpi assumes people don't change their basket of the price of meat goes u
. >>> so far the fiscal cliff debate in washington has focused largely on taxes, tax rates, how much the wealthiest 1% or 2% americans will see their tax rates go up. tax hikes on the rich alone will not put all that much of a dent in the national deficit. could you take away every dollar from the top 1% of earners and it wouldn't fill the gap. we heard about chained cpi, a suggestion john boehner made for his proposal. i want to bring in christine romans to break this down. >>...
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cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking off. >> let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. what are the odds they can come up with a deal especially republicans can't agree. >> those talks completely collapsed this week and ended once and for all when john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a very small -- some measure that would just extend the tax cuts for everyone earning under $250,000. it should be a lot of protection for a lot of people but even that will be difficult. you get it only if there's a promise not to filibuster that in the senate and the house speaker agrees to take it up. both of those questions are very open right now. >> a lot of open questions and high establishes for a lot of people. let me ask you about another big issue in washington right now. in this toxic environment any chance that the president can make
cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking off. >> let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. what are the odds they can come up with a deal especially republicans can't agree. >> those talks completely collapsed this week and ended once and for all when john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a...
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a lot of people were worried about higher taxes and the fiscal cliff thing and they are not spending so much. if there is a sign next week we could have a deal, perhaps we will see moreshipping. there is going to be a lot of sales after christmas. >>heather: people get their gift cards. and we see that. that will be an important indication. not all hope is lost but we are cutting back and not as much spending as we hopeed. >> not all hope is lost. >>gregg: i am single-handedly holding up the american economy. one man stimulus. >>heather: you can catch brand da every saturday morning at 10:00 a.m. right here. >>gregg: it legal immigrants could get a free pass in the united states as immigration and customs enforcement unveil a new border patrol policy to bypass certain kinds of offenders. dominic is live in our west coast newsroom with more. >>reporter: yes, this policy snuck through hoping people would not notice and now illegal immigrant if they commit a petty crime they are not deported. the aim of homeland security and customs is to consequence trait resources on hunting down the
a lot of people were worried about higher taxes and the fiscal cliff thing and they are not spending so much. if there is a sign next week we could have a deal, perhaps we will see moreshipping. there is going to be a lot of sales after christmas. >>heather: people get their gift cards. and we see that. that will be an important indication. not all hope is lost but we are cutting back and not as much spending as we hopeed. >> not all hope is lost. >>gregg: i am single-handedly...
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this is not part of the sequester or the fiscal cliff. this is a trillion dollar tax increase over the next decade that just hit. so there's a $20 billion to $30 billion over the next 10 year tax on medical devices that make stents of prosthetic devices -- >> all signed foo law by the president. >> law of the land, 90% of the tax increases to pay for obama care conveniently interestingly took effect, begin to take effect after the president got himself safely re-elected. if you're a poor person and have 7 1/2% of your adjustable gross income used up in medical costs, the president decided the democrats in congress voted to take that -- >> i get your point -- >> average americans who are very sick pay $2 billion to $3 billion more in taxes to pay for obama care. these are tax increases on the middle class, put there by obama. he wants you to talk about taxing the rich as he's busy socking it to the middle class? a luxury of a debate that washington may have, that folks like me on the ground in cities all across america don't have. i've got
this is not part of the sequester or the fiscal cliff. this is a trillion dollar tax increase over the next decade that just hit. so there's a $20 billion to $30 billion over the next 10 year tax on medical devices that make stents of prosthetic devices -- >> all signed foo law by the president. >> law of the land, 90% of the tax increases to pay for obama care conveniently interestingly took effect, begin to take effect after the president got himself safely re-elected. if you're a...
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. >> alisyn: not only if we plunge off the fiscal cliff, even if we don't go off the fiscal cliff, the new york post has broken it down this morning and said, remember how -- president obama has been able to say he's lowering everybody's taxes because he put in that payroll holiday and payroll tax holiday. so everybody's taxes for the past two years, the social security tax 6.2 to 4.2%. that expires, sun sets at the end of this and that's not part of the fiscal cliff negotiations. everybody's-- there will be a bite taken out of every single person's paycheck because that holiday is over. >> clayton: yes, 2% we're talking here so it's going to go back to, as alisyn pointed out, that 6.2%, it's currently 4.2%. will they extend this thing? is this part of the negotiations? we don't know, so far it hasn't been, is it going to be put on the table at any point. >> kelly: unlike you, people on capitol hill scratching their heads and saying, what is going on, why haven't we had a common sense agreement bipartisan to get something done and everyone is scratching their heads and wall street is s
. >> alisyn: not only if we plunge off the fiscal cliff, even if we don't go off the fiscal cliff, the new york post has broken it down this morning and said, remember how -- president obama has been able to say he's lowering everybody's taxes because he put in that payroll holiday and payroll tax holiday. so everybody's taxes for the past two years, the social security tax 6.2 to 4.2%. that expires, sun sets at the end of this and that's not part of the fiscal cliff negotiations....
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fiscal cliff, we still have a fiscal problem is go in the middle and argue over both tax increases which everybody knows needs to go up in order to fix it and spending cuts and entitlements. >> it may not exist in washington. on your point about dogma, grover norquist, of course, you popularized the no tax pledge for many years. on this plan by the speaker which would have allowed taxes to go up, your group said it wasn't a tax increase and that still wasn't good tough for a lot of house republicans. >> look, let's understand, there is a plan to actually solve the debt that's been run up, the deficits to continue, the entitlement reform and tax reform to get more pro-growth, tax reform, and that's the ryan plan, which has actually passed twice by the house of representatives. people can talk -- >> no support from the president. it's not going anywhere. >> the democrats haven't done a budget in three, four year, haven't put anything forward that deals with entitlements. there's one and only one plan that has actually been passed by one house. the president hasn't put anything forward that
fiscal cliff, we still have a fiscal problem is go in the middle and argue over both tax increases which everybody knows needs to go up in order to fix it and spending cuts and entitlements. >> it may not exist in washington. on your point about dogma, grover norquist, of course, you popularized the no tax pledge for many years. on this plan by the speaker which would have allowed taxes to go up, your group said it wasn't a tax increase and that still wasn't good tough for a lot of house...
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>> chris: i'm chris wallace, talks to avert the fiscal cliff stall. washingtonates how to prevent more mass murders. ♪ >> chris: with nine days to go is it possible to make a deal to head off big tax increases, and spending cuts? we'll ask two senate leaders, republican john barrasso, and, democrat, kent conrad. then, as the nation mourns the victims of the newtown school shooting, we turn to a man of faith. for some answers. in these trying times he sees the need for a spiritual awakening. we'll discuss the sandy hook massacre and the meaning of christmas. with pastor rick warren. >>> plus, a change at the state department. as the benghazi report is finally released. we'll ask our sunday panel about the nomination of john kerry to replace hillary clinton. and, where the investigation of a terror attack that killed four americans goes now. and, our power player of the week, continues in holiday tradition, to show respect for veterans. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. at christmas, people
>> chris: i'm chris wallace, talks to avert the fiscal cliff stall. washingtonates how to prevent more mass murders. ♪ >> chris: with nine days to go is it possible to make a deal to head off big tax increases, and spending cuts? we'll ask two senate leaders, republican john barrasso, and, democrat, kent conrad. then, as the nation mourns the victims of the newtown school shooting, we turn to a man of faith. for some answers. in these trying times he sees the need for a spiritual...
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do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. >> i don't think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues down the road and essentially john boehner was right with bran b. we needed to pass that because we need leverage on president obama because president obama is not offering a balanced approach. he is talking about cutting spending but not talking about preserving medicare and social security which is 6 6 to 62 tof the federal budget. they need to use the debt ceiling limit to preserve medicare and social security. i think we will eventually reach an agreement here. >> but doug, i don't believe -- i don't think that is entirely fair. the president put on the table t
do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. >> i don't think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues...
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we did deal with the fiscal cliff issues weeks have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is there new pessimism that we're, a, not going to get a deal and not solve the issue anyway? >> big disappointment. people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who sfrd there, it was so distressful to watch bo
we did deal with the fiscal cliff issues weeks have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is...
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cliff. i can tell you that i've talked to a lot of republican colleagues in the senate who are favorably inclined toward the idea, let's protect the middle class from the tax cuts, raise taxes on people over $250,000 and stop those terrible cuts in defense, homeland security, education, et cetera. >> not much time left. senator, after 24 years in the u.s. senate you are retiring, but you still have work to do. so i'm not going to say good-bye to you now, because i imagine we might speak to you again. >> we might. you see all of this, i told my colleagues they're just doing it to make sure those of us retiring this year work every last day of the term. we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspir
cliff. i can tell you that i've talked to a lot of republican colleagues in the senate who are favorably inclined toward the idea, let's protect the middle class from the tax cuts, raise taxes on people over $250,000 and stop those terrible cuts in defense, homeland security, education, et cetera. >> not much time left. senator, after 24 years in the u.s. senate you are retiring, but you still have work to do. so i'm not going to say good-bye to you now, because i imagine we might speak...
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. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these looming cuts. >> but the public doesn't seem to agree and more people would blame republicans in congress rather than the president if no deal is reached. one reason why, more people see the views and policies of the gop rather than the democratic party as too extreme. that wasn't the case two years ago. if there's any good news in the poll for the republicans, it's this. a small majority say it's good for the country that the gop controls the house, which suggests the public doesn't want the democrats controlling everything here in washington. >> pa
. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled...
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tomorrow, a programming note fur on fox news sunday, chris wallace gets the latest on the fiscal cliff from lawmakers in the now. exclusive interviews with republican john burasso. today we saw the three funerals for the final three children. 7 year old josen gay . six year oldnana mar quiz green . parker was laid to rest in u>> she had just celebrated her 7th birthday three days before the attack. ana mar questions-greene moved to the area from canada . she was emily parker knew to the earlier from ogden, utah . the father said the world is a better place for having had emily in it. pope john paul ii sending an inspirational christmas message . one that speaks louder than words and all what it had to do with the man on the right. >> and run away shopping cart with . but you will see there is a child in the cart . millions of americans, preparing to reach the holiday destination . the weather may not cooperate with the plans. meteorologist maria mowill you pleasa in the extreme weather center. stay close. i always wait until the last minute. can i still ship a gift in time r christmas?
tomorrow, a programming note fur on fox news sunday, chris wallace gets the latest on the fiscal cliff from lawmakers in the now. exclusive interviews with republican john burasso. today we saw the three funerals for the final three children. 7 year old josen gay . six year oldnana mar quiz green . parker was laid to rest in u>> she had just celebrated her 7th birthday three days before the attack. ana mar questions-greene moved to the area from canada . she was emily parker knew to the...
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host: one of our viewer says, how well wall street reacts to the fiscal cliff? we know there will be a deal. well stocks dropped anyway? to follow the market? guest: i do. it is possible the market will reflect displeasure or concern or worry about going over the cliff. it is important for the average american to not focus so much on the day-to-day gyrations of the stock market. you can be sure, politicians will be focused on it. one in this for getting a deal would be if all street has major crops days in a row. that might convince people who might otherwise think they could get a better deal to get a deal done. in that sense, it could be an action-forcing response. in the sense of what is happening in the real economy, i think we would prefer our stock market to be based on be diffict rid of. things like profits, how well companies are doing, the overall state of the economy, and that these day to day changes, whether a deal gets signed on. you're 30 or december 5. i do not think we to be too concerned about the market long term. that changes if we go a few mo
host: one of our viewer says, how well wall street reacts to the fiscal cliff? we know there will be a deal. well stocks dropped anyway? to follow the market? guest: i do. it is possible the market will reflect displeasure or concern or worry about going over the cliff. it is important for the average american to not focus so much on the day-to-day gyrations of the stock market. you can be sure, politicians will be focused on it. one in this for getting a deal would be if all street has major...